| Lenders may refer STC unit to debt tribunal | 16-NOV-09 |
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| With very little chance of repayment from STCL, a Bangalore-based ailing subsidiary of State Trading Corporation, lenders are exploring an option to drag the company to Debt Recovery Tribunal (DRT) as part of efforts to get back dues. |
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| Tripura co-ops get Rs 51-cr Nabard package | 14-NOV-09 |
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| The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 51.35 crore for recapitalising rural cooperatives in Tripura under the Centre’s revival package for short term cooperative credit structure (STCCS) of cooperatives. |
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| State may clamp ESMA against private bus owners | 02-OCT-09 |
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| The Orissa government may clamp the provisions of the Essential Services Maintenance Act (ESMA) to tackle the strike started by the Private Bus Owners’ Association (PBOA) from today. |
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| M&M erases gains, ends flat | 11-SEP-09 |
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| Mahindra & Mahindra gave all its gains and slipped to a low of Rs 813. The scrip finally settled flat at Rs 820. The counter clocked volumes of 239,425 shares as compared to the two-week daily average traded volumes of 277,548 shares. |
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| SBI seeks RBI intervention for dues from STC arm | 22-AUG-09 |
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| State Bank of India (SBI), the country’s largest lender, has asked government-owned State Trading Corporation of India (STC) to come up with a “workable solution” for STCL, the latter’s wholly-owned subsidiary, to repay Rs 1,300 crore of bank loans. The bank is also approaching the Reserve Bank of India to explore various solutions for repayment. |
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| Govt lifts ban on wheat export | 04-JUL-09 |
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| India today lifted a 28-month ban on wheat export by allowing export of 900,000 tonnes of the grain by government-owned trading agencies. |
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| F&O Update: Nifty July Fut OI adds 2 mn shares | 29-JUN-09 |
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| The Nifty July future ended at marginal discount of 2 points at 4,389 as against the spot Nifty which ended at 4,391 (up 15 points). Around 484,528 contracts were traded on the NSE today. The open interest increased by 1.98 million shares to 23.64 million shares. |
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| Pvt traders may be allowed to export wheat products | 25-MAY-09 |
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| The Government is likely to allow the private sector to export wheat products like atta, suji and maida, while restricting shipments of the grain for three central public sector undertakings and one state-level agency. |
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| Pulses imports down 30% | 16-APR-09 |
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| India’s pulses imports on government account is at least 30 per cent short of the target during the 2008-09 financial year, which traders say is a major factor for the current spiral in domestic prices. |
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| Govt allows duty-free import of one million tonne sugar | 11-APR-09 |
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| To prevent sugar prices from becoming a tool in the hands of opposition parties in the parliamentary elections, the government has allowed government agencies like MMTC, STC, NAFED and PEC to import one million tonne of white sugar duty-free. The export obligation on raw sugar imports under open general licence scheme has also been removed. |
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| Bonus issues a flop show | 01-JAN-09 |
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| Bonus issues, a free gift from listed companies, have brought little cheer to investors in 2008 with shares of 93 per cent of companies having declined by around 52 per cent from their ex-bonus |
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| StanChart raises stake in STCI to 74.9% | 13-DEC-08 |
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| Standard Chartered Bank has completed the acquisition of an additional 25.9 per cent stake in Standard Chartered-STCI Capital Markets Limited (formerly UTI Securities Limited) to take its total |
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